Ongoing hemp-transport questions trigger Minnesota warning

A Minnesota hemp industry group is warning manufacturers not to order hemp biomass from other states in the wake of a South Dakota drug arrest of a deliveryman bringing plants from Colorado to Minnesota for extraction. The Minnesota warning comes as a federal appeals court prepares to hear arguments next week over hemp transportation. “The ability […]

MJBizDaily’s Investor Intelligence launches comp tables for hemp, CBD investors

This week, MJBizDaily’s Investor Intelligence introduces a new comp table that includes exclusive data on hemp and CBD companies. As an allocator of capital judging multiple opportunities for your marginal dollar, you must be able to: Identify the relevant investment opportunities. Assess the current size and value of public players. Determine the valuation multiple applied […]

Smokable hemp ban step closer to adoption in North Carolina

North Carolina lawmakers are moving closer to banning smokable hemp starting next year. An agricultural bill that includes a ban on selling smokable hemp products in December 2020 advanced through a committee in the state House this week, The Charlotte Observer reports. The measure has already passed the North Carolina Senate and could be heard […]

Credit union regulator reminds banks hemp businesses can be served – with caution

Hemp businesses should have access to banking services, a top banking regulator reiterated this week amid ongoing complaints about banking and credit challenges in the newly legal industry. The National Credit Union Association (NCUA), an independent federal agency that oversees and insures banking deposits for more than 100 million U.S. account holders, released a statement Monday […]

North Dakota retailer prevails in drug case over selling CBD vapes

A North Dakota vape shop owner who sells CBD has succeeded in getting criminal drug charges against him dismissed, after a two-year battle that went to his state’s Supreme Court. The retailer, Falesteni A. Abu Hamda, was charged with seven drug crimes in 2017, when police seized CBD vape pens and gummy bears from two of his Tobacco Depot shops. Hamda argued […]

USDA: National THC test for hemp ‘as challenging as you think it is’

Federal agriculture authorities are struggling to craft a nationwide THC testing standard so that state and local regulators can tell hemp from marijuana, complicating the release of standardized production rules, according to an official with the U.S. Department of Agriculture. William Richmond William Richmond, head of the Specialty Crops Program in the USDA’s Agricultural Marketing […]

CBD manufacturers RE Botanicals and Palmetto Harmony merge

CBD manufacturers in the Southeast and Mountain West are merging to increase market penetration and align production. RE Botanicals of Boulder, Colorado, and Palmetto Harmony of Conway, South Carolina, announced the merger Monday. The new company is called RE Botanicals, though Palmetto Harmony will remain a brand name of CBD capsules, tinctures, topicals, vape oils […]

‘The FDA is struggling’: Former US surgeon general Carmona on government’s approach to CBD

The booming CBD industry is eagerly waiting to see if U.S. health regulators change course and start allowing cannabinoid treatments in food and dietary supplements. Many are hoping the U.S. Food and Drug Administration (USDA) will condone over-the-counter CBD products while setting production and purity standards to eliminate inferior CBD products from the market. Against […]

FDA exec: Don’t expect an exception for CBD

CBD treatments are promising, but far more research needs to be done before federal authorities can allow them in foods and dietary supplements, according to a leader of the U.S. Food and Drug Administration’s new cannabinoid work group. Talking to the National Industrial Hemp Council, Lowell Schiller warned CBD producers in attendance that the FDA […]

Right Menu Icon